Affiliate Marketing on Choicemandu
Affiliate marketing is an emerging marketing tactic by which product owner or service provider boost their sales by allowing affiliates to do marketing of the product or services through the internet. Though it is mostly applied in online business, it is also used in offline business to increase their sales potential. Since the world is becoming smaller in terms of connectivity among people due to access to the internet, affiliate marketing is considered as one of the strongest marketing tactics. As of now, many giant companies like Amazon, Alibaba, Flipkart etc. are approaching customers through affiliate marketing.
The credit of introducing and applying the first affiliate marketing goes to William J. Tobin an American businessman who introduced it to his company PC Flowers, Inc, company dealing with flowers, in 1994 almost four years after the invention of the World Wide Web.
How can I become an affiliate in Choicemandu?
It is quite simple; you need to sign up your account in the affiliate segment of Choicemandu. Once you are signed up, you will get an affiliation ID which enables you to share products description by placing the link on any internet platform. Becoming an affiliate is totally free of cost in Choicemandu.
How the payment is made?
Most common payment methods are as follows:
· Cost per click (CPC) – In this method, you will get the commission once a customer clicks on the link recommended by you whether the customer buys the products or not.
· Cost per lead (CPL) – In this method, you will get the commission only when the customer initiates some action, not necessarily buys the products, in addition to clicking on the link.
· Cost per action (CPA) – In this method, you will get the commission only when a customer buys goods from the site.
· Cost per install (CPI) – In this method, you will get the commission only when the customer installs the apps you recommend.
Currently, Choicemandu pays a certain percentage of sales as commission to its affiliates on CPA i.e., Cost per action basis.